Spot gold and silver prices moved higher ahead of the North American market open on Friday. Precious metals steadied after Thursday’s selloff. Traders assessed a stronger signal from the US labor market. They also weighed the European Central Bank’s decision to hold interest rates, elevated crude oil prices and firm US Treasury yields. At the
Bitcoin traded near $64,900 on Friday after another eventful week for the cryptocurrency market. BTC’s price remained close to the $65,000 mark amid corporate selling, fresh signs of stress in the mining sector, and a major options expiry. Treasury companies face tightening financing conditions One of the biggest themes influencing Bitcoin this week has been
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump’s administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal
British retail sales rebounded unexpectedly in June, with shoppers increasing their spending on air conditioning and clothing. The rise added to signs of stronger economic activity during warmer weather and the soccer World Cup, according to data released by the Office for National Statistics. Retail sales volumes increased 1.0% in June, the ONS said on
Micron stock’s next catalyst may be coming from the Chinese model that initially unsettled semiconductor investors. MU closed Thursday at $990.21, up 3.2%, after Alphabet raised its 2026 capital-spending forecast and revived confidence in data-centre demand. Another signal is emerging from Moonshot AI’s Kimi K3. The low-cost, open-weight model was viewed as a threat to
The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs, inflation, and retail sales data for July, all of which could influence the Bank of England’s next policy decision. This
Financial markets remained cautious heading into the weekend as investors assessed the impact of a new wave of tariffs imposed by the United States. Market participants are also keeping a close watch on developments coming out of the Middle East. Oil pulls back after strong gains Oil prices moved lower early Friday after posting strong
Volkswagen reported weaker-than-expected second-quarter earnings on Friday. The automaker also abandoned its revenue growth forecast for the year. The move highlights growing pressure on Europe’s largest automaker as it undertakes a major restructuring effort. The German carmaker posted lower operating profit despite stronger-than-expected revenue, while warning that geopolitical tensions, trade conflicts and fierce competition from
Dell Technologies Inc. (DELL) shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure. The rally followed Super Micro’s announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to
Global markets remained focused on four major developments on Wednesday, as the US and Iran signaled no immediate return to negotiations amid escalating military action. AMD and Anthropic reportedly reached a multibillion-dollar AI infrastructure agreement centered on next-generation chips. Gold climbed to a two-week high as a weaker dollar offset concerns over higher oil prices.